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Ascendas India Trust enters India data centre sector with $217 mil investment

Atiqah Mokhtar
Atiqah Mokhtar • 3 min read
Ascendas India Trust enters India data centre sector with $217 mil investment
The trust will develop phase one of a data centre campus located on a 6.6-acre site in Airoli, Navi Mumbai.
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The trustee-manager of Ascendas India Trust (a-iTrust) has announced on July 5 that it will invest some INR12 billion ($216.6 million) to develop and operate phase one of its first data centre campus in India.

Located in Airoli, Navi Mumbai, the 6.6-acre greenfield site will be developed in phases into a data centre campus with two buildings with a total potential built-up area of 575,000 square feet and 90 megawatts of power.

The acquisition of the site from third-party vendors is expected to be completed by 3Q2021.

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